Tag: business

The People’s Republic of China now has 116 million middle class and wealthy households, compared to just 2 million in 2000, according to McKinsey, a global consultancy ... where Chinese-born residents (including from Hong Kong and Macau) make up the ... ( read original story ...)

Since Hong Kong started operating as a free port, it has emerged as an unbeatable financial hub. It is the undisputed fort that every investor would dream of as a Launchpad to fire a business to regional and international realms. For startups, Hong Kong ... ( read original story ...)

Hong Kong’s strange financial dilemma is that despite easily ... That seed capital will allow ideas to be sorted out into investable business plans. Staging near-religious, reality show style incubator conferences are only as useful as the amount of ... ( read original story ...)

On Wednesday, Hong Kong government announced that its three-step plan to phase out domestic ivory trade by the end of 2021 was approved by the Chief Executive in Council. The legislature amendments will be tabled before the Legislative Council during the ... ( read original story ...)

And I concede that Dubai has built a powerful and – for now – successful business model which teaches some important lessons, and from which we in Hong Kong might valuably learn. As China has extended its international reach, in particular towards the ... ( read original story ...)

“The demand is strong, it almost builds itself,” said Jimmy Phua, who heads Asian real estate investments for the Canada Pension Plan Investment Board from the Hong Kong office. “But as the market matures and competition increases, then it becomes a ... ( read original story ...)

Hong Kong and mainland Chinese stocks fell on Friday, tracking US stock indexes lower amid thin turnover on the final trading day before Christmas. The Hang Seng Index ended down 0.28 per cent or 61.44 points at 21,574.76. The Hang Seng China Enterprises ... ( read original story ...)

Hong Kong equities dipped to five-month low on the last trading ... as well as brokerages’ alternative investment business, the latest efforts to contain financial risks. Meanwhile, market sentiment was hurt by a tumble in coal prices, which knocked ... ( read original story ...)

Hong Kong's central business district: The other Goldman, incorporated only last month, is based away from the glimmering skyscrapers in a gritty suburb on the other side of the harbour. Photo: Bloomberg The Chinese name of Goldman Sachs, which combines ... ( read original story ...)

Chinese mainlanders spent HK$48.9 billion on insurance policies issued in Hong Kong in the first three quarters of this year, accounting for 37 percent of all premiums in that period, according to a report by the 21st Century Business Herald. ( read original story ...)

To that end, SPS traveled to Beijing and Hong Kong to connect with top government, business, and university officials, as well as continue to build our alumni network abroad. Over the course of the 10-day trip, we were privileged to meet with university ... ( read original story ...)

Hong Kong and mainland Chinese stocks rebounded to end several days of falls, thanks to the strong rally in the United States and a stabilisation of the mainland’s bond market. The Hang Seng Index closed 0.37 per cent higher at 21,809.8, ending a four ... ( read original story ...)

A proposal to scrap a controversial mechanism allowing employers to use the money they put into workers’ retirement funds to offset severance and long-service payments is on the cards, but the government plans to mollify an angry business sector with ... ( read original story ...)

The Hong Kong-based company aims to tap business opportunities arising from the nation’s gradual reduction in reliance on coal and rising power generation from renewable energy such as wind and solar. To cope with the intermittent and weather dependent ... ( read original story ...)